Swedish cbank says housing market serious threat to economy

Reuters Staff

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STOCKHOLM, May 24 (Reuters) - Rising household debt is a serious threat to Sweden's economy while regulators need to introduce tougher measures to strengthen banks against future shocks, the central bank said in its semi-annual Stability Report, published on Wednesday.

"Further measures need to be introduced to increase the resilience of the household sector and reduce risks," the Riksbank said in a statement.

"There are also vulnerabilities in the Swedish banking system and its resilience therefore needs to be reinforced." (Reporting by Stockholm Newsroom)